Riva Bakal - 11 Mar 2024 Form 4 Insider Report for Vivid Seats Inc. (SEAT)

Role
Chief Strategy Officer
Signature
/s/ Riva Bakal
Issuer symbol
SEAT
Transactions as of
11 Mar 2024
Net transactions value
-$160,506
Form type
4
Filing time
13 Mar 2024, 16:20:16 UTC
Previous filing
11 Mar 2024
Next filing
23 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAT Class A Common Stock Options Exercise +58,111 +101% 115,845 11 Mar 2024 Direct F1
transaction SEAT Class A Common Stock Options Exercise +6,904 +6% 122,749 11 Mar 2024 Direct F1
transaction SEAT Class A Common Stock Tax liability $148,795 -25,743 -21% $5.78 97,006 11 Mar 2024 Direct
transaction SEAT Class A Common Stock Sale $11,711 -2,051 -2.1% $5.71 94,955 12 Mar 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAT Restricted Stock Units Options Exercise $0 -58,111 -33% $0.000000 116,226 11 Mar 2024 Class A Common Stock 58,111 Direct F1, F4
transaction SEAT Restricted Stock Units Options Exercise $0 -6,904 -20% $0.000000 27,616 11 Mar 2024 Class A Common Stock 6,904 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock.
F2 Represents shares sold pursuant to a mandatory "sell to cover" provision of the RSU agreement to satisfy tax withholding obligations arising in connection with the vesting and settlement of the RSUs.
F3 Represents the weighted average sale price of multiple transactions at prices ranging from $5.71 to $5.71 per share. The reporting person undertakes to provide, upon request from the staff of the SEC, the Issuer or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 One-third of the RSUs vested and settled on March 11, 2024. The remainder of the RSUs will vest and settle in quarterly installments thereafter such that the RSUs will become fully vested on March 11, 2026. The RSUs do not have an expiration date.
F5 One-third of the RSUs vested and settled on March 11, 2023. The remainder of the RSUs vested and settled or will vest and settle, as applicable, in quarterly installments thereafter such that the RSUs will become fully vested on March 11, 2025. The RSUs do not have an expiration date.